Wells Fargo & Company MN Raises Position in KKR & Co. Inc. (NYSE:KKR)

Wells Fargo & Company MN grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,833,671 shares of the asset manager’s stock after purchasing an additional 50,695 shares during the quarter. Wells Fargo & Company MN owned approximately 0.21% of KKR & Co. Inc. worth $151,920,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Mckinley Capital Management LLC raised its position in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. Mckinley Capital Management LLC now owns 25,904 shares of the asset manager’s stock worth $2,146,000 after buying an additional 257 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $255,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of KKR & Co. Inc. by 12.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 76,448 shares of the asset manager’s stock worth $6,334,000 after buying an additional 8,658 shares during the period. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $649,798,000. Finally, Missouri Trust & Investment Co raised its position in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.5 %

Shares of KKR & Co. Inc. stock opened at $106.50 on Wednesday. The company has a market capitalization of $94.51 billion, a PE ratio of 23.88, a P/E/G ratio of 0.91 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $48.92 and a 1-year high of $107.94. The business has a 50-day moving average of $98.87 and a 200-day moving average of $88.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.66%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the topic of several research reports. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. TD Cowen lowered their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Jefferies Financial Group lowered their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $94.50.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.